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In NSW when you buy land, you pay duty. When you buy shares in a company or units in a trust, you can also pay duty at land rates where the company or trust is considered a ‘landholder’. The NSW Government has now made it more likely that the acquisition of shares or units will be subject to duty at land rates, and also made it easier for them to collect that duty.
Read MoreThe 1st of July 2020 brought with it not just the start of a new financial year, but also a raft of changes for employers.
Read MoreWhat happens if a family member loses capacity before they have finalised their will? Do the rules of intestacy apply? Was that what was intended? Perhaps not…
Read MoreWith house prices ever rising, it is becoming increasingly common to see deceased estates dragged into the courts with family members fighting over the assets of their loved ones, because someone believes they did not get what they consider to be a fair share of the estate.
Read MoreWhy should you have a will? Without a will, you will be deemed to be intestate when you die or, in some cases, a document that does not meet the formal requirements of a will may be deemed to be your will by the Court.
Read MoreEver thought that one of the more mature members of your family might be easily misled or influenced by another family member or acquaintance?
Read MoreEver thought that one of the more mature members of your family might be easily misled or influenced by another family member or acquaintance?
Read MoreThe Commonwealth government has recently introduced and announced some key changes to the COVID-19 stimulus measures.
Read MoreWhen preparing end of year trust distributions it is important to consider the impact of any foreign person exclusions in the trust deed. Failure to consider this and to get it right can result in the trust distribution being ineffective and the trust income being taxed to the trustee at 47%. But, the fix to the problem may be as simple as a deed amendment.
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